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SELECTION: For sale, Cala Dor, Investments

Freehold Reform Opportunity For Sale in Cala D'Or Mallorca

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Sales Price:
Currency convertor € 315,000
Rental Price:
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For Sale/For Rent
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Cala Dor
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Reference No.: b3935abs
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For the purposes of this calculation we have automatically entered 60% of the purchase price as the loan amount at an interest rate of 3.5% payable over 15 years, but please feel free to change any of the figures according to your needs.


Property Description

The property is situated within a 10-minute stroll to the sea front, with restaurants and bars just a couple of minutes walk away.
Formerly a restaurant, and with the licence still in place, this 147m2 plot has an existing 2-bedroom apartment above the restaurant area with an extra first floor studio apartment towards the rear of the property.  There is an enormous sunny terrace to the front of the apartment and a parking space available with plenty of storage areas surrounding the property.
The current owner has recently had the property rewired and replaced the doors and windows with double glazed units.
There are drawings available for the conversion of this property into 4 separate dwellings.  These drawings have not been agreed with the authorities and the necessary steps would have to be taken with the local council to apply for a change of use of the licence from restaurant to residential before employing an architect to draw up the plans.
COMMENT:  These reform project opportunities do not become available very often, so viewing is highly recommended.
Our multi-lingual staff would be delighted to show you the premises and guide you through every step of the buying process, free of charge to you as a potential buyer.

This is truly a fantastic opportunity to put your building and construction creativity, skills and knowledge to the test with this reform project in the ever popular town of Cala D'Or in the South East of the beautiful island of Mallorca.

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